Scalp Notes: Bottom Line: Staying bearish below 1.0227 although we may still have some further upside in the near-term as 1.0155-1.0160 represents a confluence of multiple key Fibonacci levels. Break below this threshold offers conviction on short scalps into primary objective range. The 30min RSI signature has remained bearish since the start of the week with multiple failed attempts at a breech above the 60-theshold. (Note that breech above RSI resistance would suggest larger correction higher before the resuming the broader downtrend)

*We will remain flexible with our bias with a break above 1.0226 eyeing subsequent resistance targets. It’s extremely important to give added consideration regarding the timing of intra-day scalps with the opening ranges on a session & hourly basis offering further clarity on intra-day biases. Use this app to distinguish the various trade sessions.